Revenue increased 4.2% and is second consecutive quarter increasing and also higher than preceding year corresponding quarter 30.8%, eps increased 29% and is third consecutive quarter increasing and also higher than preceding year corresponding quarter 44.8%, no cash generated from operating after allocate cash to property development cost but cash generate from financing still enough to cover all expenses, weaker liquidity ratio at moderate level now, higher gearing ratio at high level now, inventory and payables increasing to very high level

First Support Price

2.5

Second Support Price

2.3

Risk Rating

MODERATE

Research House

Nomura Target Price

3.08 (2011-02-10)

Maybank Target Price

3 (2011-02-18)

Kenanga Target Price

3.1 (2011-02-28)

CIMB Target Price

3.3 (2011-04-12)

MIDF Target Price

2.9 (2011-04-13)

RHB Target Price

3.15 (2011-04-15)

TA Target Price

3.32 (2011-04-15)

HLG Target Price

2.93 (2011-05-26)

Accounting Ratio

Return on Equity

14.19%

Dividend Yield

2.93%

Profit Margin

18.66%

Tax Rate

27.99%

Asset Turnover

0.5146

Net Asset Value Per Share

1.13

Net Tangible Asset per share

1.13

Price/Net Tangible Asset Per Share

2.3

Cash Per Share

0.32

Liquidity Current Ratio

2.336

Liquidity Quick Ratio

0.7643

Liquidity Cash Ratio

0.3022

Gearing Debt to Equity Ratio

1.3736

Gearing Debt to Asset Ratio

0.5741

Working capital per thousand Ringgit sale

102.9%

Days to sell the inventory

551

Days to collect the receivables

128

Days to pay the payables

272

My notes based on 2011 quarter 1 report (number in '000):-
- The improved revenue and profit for the quarter is attributable to progressive recognition of development revenue and profit contribution from its poperty development activities carried out in Kuala Lumpur, Klang Valley, Penang Islandand and Johor Bahru